2022 Investor Day Presentation

LONG HISTORY OF LOW-RISK PREDICTABLE GROWTH Adaptable business model delivers through all points of the economic cycle $Billions 1.0 Net Income 0.8 NGTL moves to Discretionary pricing CAGR 9% federal 0.6 regulation Evolving service offerings NGTL tight gas expansion Significant resilience following energy disruptions + Ongoing evolution in service offerings + Secured shale gas supply and discretionary pricing +9% CAGR since 2012 0.4 0.2 Shale gas boom COVID-19 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 NGTL System Canadian Mainline 61

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